During the boom years, Las Vegas wasn’t just a place where gamblers could hit the jackpot, but where hard-working hotel maids and cocktail waitresses could, too. The city offered something almost no other place in America did: upward mobility for the working class.Now, that is evaporating.The recession has jolted Las Vegas in a fundamental way. Like other job-creating cities in the Sunbelt, Las Vegas saw its population, income levels and housing prices surge over the past decade. And like those cities — including Phoenix, Orlando and San Diego — it’s been battered in the bust.
By Tamara Audi, July 20, 2009 WSJ

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